Moroz Mark Michael 4
4 · Live Oak Bancshares, Inc. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Live Oak (LOB) Chief Banking Officer Mark Moroz Exercises RSUs
What Happened
- Mark Michael Moroz, Chief Banking Officer of Live Oak Bancshares (LOB), had 2,253 restricted stock units (RSUs) convert into common shares on February 12, 2026. To satisfy tax withholding, 1,002 of those shares were withheld/paid at $40.22 per share, totaling about $40,300. The remaining 1,251 shares were issued to Moroz.
- This was not an open-market sale or purchase by the insider; it was the routine conversion/vesting of RSUs with a tax-withholding disposition.
Key Details
- Transaction date: February 12, 2026; Form 4 filed February 17, 2026 (timely — filing deadline fell on Feb 17).
- Conversion (code M): 2,253 RSUs converted into shares.
- Tax withholding (code F): 1,002 shares withheld at $40.22/share for ~$40,300.
- Net shares issued to insider after withholding: 1,251 shares.
- Footnotes: RSUs represent contingent rights to one share each; the filing lists multiple RSU grants with varying vesting schedules (see footnotes F1–F8).
- No indication of a 10b5-1 plan or gift; this is a standard vesting/conversion with tax withholding.
Context
- RSU conversions commonly result in a portion of shares being withheld to cover payroll taxes — this is routine and doesn't necessarily signal a buy or sell decision by the insider.
- Transaction codes: M = exercise/conversion of derivative (here, RSUs converting to stock); F = payment of exercise price or tax liability (here, shares withheld to cover taxes).
Insider Transaction Report
Form 4
Moroz Mark Michael
Chief Banking Officer
Transactions
- Exercise/Conversion
Voting Common Stock
[F1]2026-02-12+2,253→ 12,159 total - Tax Payment
Voting Common Stock
2026-02-12$40.22/sh−1,002$40,300→ 11,157 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-12−2,253→ 6,760 total→ Voting Common Stock (2,253 underlying)
Holdings
- 8,982
Restricted Stock Units
[F1][F3]→ Voting Common Stock (8,982 underlying) - 7,412
Restricted Stock Units
[F1][F4]→ Voting Common Stock (7,412 underlying) - 5,659
Restricted Stock Units
[F1][F5]→ Voting Common Stock (5,659 underlying) - 3,160
Restricted Stock Units
[F1][F6]→ Voting Common Stock (3,160 underlying) - 4,000
Restricted Stock Units
[F1][F7]→ Voting Common Stock (4,000 underlying) - 35,587
Restricted Stock Units
[F1][F8]→ Voting Common Stock (35,587 underlying)
Footnotes (8)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Live Oak Bancshares, Inc. (the "Company") voting common stock.
- [F2]The RSUs vest in four equal annual installments beginning on February 12, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F3]The RSUs vest in five equal annual installments beginning on February 9, 2027, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F4]The RSUs vest in five equal annual installments beginning on February 10, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F5]The RSUs vest in three equal annual installments beginning on December 9, 2025, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F6]The RSUs vest in two equal annual installments beginning on February 14, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F7]The RSUs will vest on February 22, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
- [F8]The RSUs vest in five equal annual installments beginning on May 19, 2026, subject to the reporting person's continuous service to the Company or a related entity on such date.
Signature
/s/ Jonathan A. Greene, By Power of Attorney|2026-02-17